Nine weeks and still ranging is not what Bitcoin enthusiasts had been hoping for, but the leading cryptocurrency has not necessarily backed away from volatility. When other assets are range-bound, it is typically a tight range. One could make the argument that BTC is held captive by “tightening” boundaries, since its price behavior is now…
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In a much-anticipated dovish move, Fed Chairman Jerome Powell and his banking buddies capitulated to political pressure and market demand by cutting their benchmark interest rate by 25 basis points. Believe it or not, this was the first time that the Fed has cut its rate since 2008, which also meant that it was the…
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Bitcoin just broke through $10,000, the third time this month, but it soon dipped below this psychological 5-digit barrier, which has turned formidable of late. As we noted in a previous article, the world’s favorite digital currency appears to be in consolidation mode, curiously forming its fifth stair step, since launching from $3,122 in late…
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At times, Bitcoin can be quite boring, if and when volatility drops and price points move about a significant psychological level for a few weeks at a time. This situation seems to be the case at the moment, but analysts are trying awfully hard to read more into short-term charts to determine the next possible…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 27, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The crypto market has been anticipating the participation of large financial players ever since the peak of…
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The Bitcoin train just keeps chugging along, refusing to pull back sharply, as some analysts of note have suggested, and setting a new high for the year in the process. There has been a great deal of “hype” in the press this week regarding Facebook’s published plans for its proprietary crypto “Project Libra”, which will…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 14, 2019. The text below is an excerpt and does not contain the full analysis. To say that crypto regulations in the United States are unclear would be a bit of an understatement. Progress…
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It has been no secret that crypto enthusiasts have been begging for the management of the Bakkt crypto exchange initiative to complete the actions necessary in order to launch. Bakkt, the brainchild of Intercontinental Exchange (ICE), the owner and operator of the New York Stock Exchange, was to be the consummate crypto futures exchange, dealing…
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Bitcoin continues to amaze of late, rising more than 40% in the past month. It rose more than 15% over the past weekend, astounding even the most enthusiastic of supporters, bounding over $8,100 and dancing about, as the bulls remain in control of this market. Analysts can point to one or two or maybe even…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 14, 2019. The text below is an excerpt and does not contain the full analysis. Always be aware of market dynamics. Especially in crypto, but in all financial markets, things can move really fast…
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